Current Affairs - Finance - Discussion
Discussion Forum : Finance - Latest Current Affairs (Q.No. 131)
131.
What is the initial interest rate set by RBI for the Floating Rate Bond maturing in 2034?
Answer: Option
Explanation:
The Reserve Bank of India (RBI) has announced an initial interest rate of 8% for the Floating Rate Bond (FRB) maturing in 2034. This bond offers a variable interest rate that adjusts every six months based on short-term debt auction yields, providing investors with a flexible investment option tied to prevailing market conditions.
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